Stocks Fall, Oil Jumps on Iran Peace Deal Doubts | Bloomberg Businessweek Daily 4/20/2026

Watch on YouTube ↗  |  April 20, 2026 at 20:20  |  42:33  |  Bloomberg Markets
Speakers
Rich Weiss — Senior Vice President & Chief Investment Officer of Multi-Asset Strategies, American Century Investments

Summary

The episode discusses market reactions to geopolitical tensions in the Middle East, with stocks falling and oil rising as doubts emerge about a peace deal between the U.S. and Iran. It covers the potential nomination of Kevin Warsh as Fed chair and his expected testimony, along with investment insights from Rich Weiss on how investors should position themselves. Finally, it includes a report on Google's advancements in AI chips and its competition with Nvidia.

  • Markets: Stocks lower, oil higher due to uncertainty over Iran ceasefire.
  • Politics: President Trump unlikely to extend truce without a deal, according to Jeff Mason.
  • Fed: Preview of Kevin Warsh's Senate testimony, with expectations of hawkish rhetoric but political constraints.
  • Investment: Rich Weiss advises young investors to buy dips and near-retirees to reduce equity exposure.
  • Oil: Weiss expects oil to stay above $70 regardless of political outcomes.
  • AI: Google expected to announce new AI chip for inferencing, challenging Nvidia's dominance.
  • Competition: Nvidia remains dominant, but Google's TPU strategy is evolving.
  • Policy: Discussion of potential yield curve control under a Warsh Fed.
Trade Ideas
Rich Weiss Senior Vice President & Chief Investment Officer of Multi-Asset Strategies, American Century Investments 31:31
Oil to stay above $70 for a while.
Even if the Strait of Hormuz were opened tomorrow, it would take weeks or months for production to ramp back up, so oil prices are unlikely to fall below $70 per barrel for a while regardless of political developments.
CL1! MED
Rich Weiss Senior Vice President & Chief Investment Officer of Multi-Asset Strategies, American Century Investments 31:53
Buy stock market dips if you are young.
If you are near retirement and have already maxed out equities because the equity market has been strong, it is a good time to move out because you cannot suffer another 20% drop.
SPY MED
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This Bloomberg Markets video, published April 20, 2026, features Rich Weiss discussing CL1!, SPY. 2 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Rich Weiss  · Tickers: CL1!, SPY